BTCUSDT. Trading opportunity

11 paź

Hi traders and investors!

Update on the Bitcoin situation.

Daily Timeframe
On the daily time frame (TF), the seller's candle with increased volume did not yield results relative to the wick of the previous candle.

Hourly Timeframe
On the hourly TF, there is a range, and the buyer is defending the lower boundary of the range at 59,828. The current buyer's vector is 5-6, with a potential target of 63,468 (64,478). The key candle (the one with the highest volume) in the seller's vector 4-5 is at the bottom of the vector ("KC" on the chart), and it was absorbed by the buyer.

Highlights
Based on both the daily and hourly TFs, the current priority is to look for buying opportunities.

Threats to the buyer:

• The level marking the start of the seller's last sub-impulse on the hourly TF is 61,321, which is also the high of the last daily candle.
  
• There's also a seller's zone (red rectangle on the chart), with the lower edge at 62,326.
  

13 paź

Uwaga

Yesterday the price has reached first target - 63,468.
At the end of the buyer's movement (vector 5-6 hour sideways trend) a sideways movement was formed. It is clearly visible on the 15 minute TF.
In my opinion, it is dangerous to look for sales with the aim of realizing the seller's vector 6-7 now, since the technical targets of the asset are higher

14 paź

Uwaga

The price has reached the second target of 64,478. The buyer broke above the upper boundary of the range, but now the seller has pushed the price back into the range. The key buyer's candle (marked as "KC" on the chart) is below, and there has already been a test of it. If the seller reaches the level of the key candle test, we will observe who wins. Alternatively, the buyer might go higher right away.